African SACCO Summit Comes to Nairobi
The first ever summit for African Savings and Credit Cooperative Societies (SACCOs) and Cooperatives will be opening in the Kenyan capital Nairobi on 11th and 12th October 2012. The summit, whose aim is to determine ways for alternative financing, was initially scheduled to run between 14th and 15th…
Co-op Bank Earns 84% More from Interest Charged
Co-operative Bank of Kenya’s income from interest charged on loans and advances has grown 84 percent to 11.07 billion shillings in the six months to June this year from 6.02 billion shillings in the same period last year. Sources at the bank tell Pesatalk that…
Taxman Goes After Super Rich
The Kenya Revenue Authority (KRA) has come up with a special team of tax collectors that will help pursue wealthy tax evaders. The special unit will comprise of specially trained experts in auditing, law and risk analysis.This came after taking note on an increase in imports of luxury commodities and…
Qatar Promises to Boost Tourism Industry
Qatar Airways is in a plan to partner with local authorities to ensure that tourists from the Gulf region make their way into the country.This partnership is aimed towards increasing the number of foreign visitors coming into the country. Speaking during a meeting with Qatar Airways Vice…
Kenya is Africa's Third Largest Beer Market
A Deutsch Bank Market research has listed Kenya as Africa’s third largest beer consumer, with its market share at 17 per cent of the continent’s.
8 Things You Should Know This Morning
1. MPs demand to know where fuel levy is The government was on Wednesday morning put to task over fluctuations in fuel levy collections despite a steady rise in the cost of living. The matter came up in Parliament when Roads Assistant Minister Wilfred Machage told Parliament that the amount…
Because Moving House is Too Mainstream
A lecturer at the Kisumu Polytechnic has put together a movable house.The house is a single-storied construction, built with prefabricated steel and wooden fringes in the interior. Speaking to the press, Samson Alemba, who put it together with the help of other lecturers in the institution and Arc…
Nation Media Businesses Post Financial Growth
The majority of Nation Media Group’s business divisions have posted financial growth in the six months to June this year as noted in the media conglomerate’s half-year financial results announced during an investor briefing held this afternoon. Nation’s official unaudited statements show that the…
World Bank Gives KES 16.8 Billion to Eliminate Blackouts
Kenya Power Company has secured a KES 16.8 billion (USD 200 million) loan deal from the World Bank‘s International Finance Corporation (IFC) to invest in its grid. The Power company will use the loan to implement 42 power projects which will involve…
New Meat Market To Offer Competitive Prices
The Kenya Livestock Marketing Council (KLMC) intends to construct a goat and cattle market for pastoralists in East Pokot. According to the Council, the new market will give livestock farmers in the region a chance to sell their cattle for better prices. Pastoralists in East Pokot have been…
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